Form ITC 02

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proprietor
1 Points Posted on 06 July 2020
is change of constitution eligible for transferring ITC to new firm by filling ITC 02
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On 06 July 2020 at 18:26 Report
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Form ITC-02 allows registered taxpayers to transfer their available Input Tax Credit (ITC) to another business entity. This is applicable in cases of business transfer through sale, merger, or demerger. Filing the ITC declaration in form GST ITC-02, as per Section 18(3) read with rule 41, is the correct procedure for transferring your ITC balance.

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1313 Points Posted on 06 July 2020
A Registered Taxpayer can apply for transfer of matched ITC available in the Electronic Credit Leger to another business entity in case of transfer of business by way of sale of business/ merger/demerger by filing of ITC declaration in form GST ITC 02.
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On 06 July 2020 at 23:04
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GST Practitioner
55067 Points Posted on 07 July 2020
As per Section 18(3) r/w rule 41 Yes the ITC 02 can be furnish for transfer of ITC balance
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On 07 July 2020 at 00:06
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47 Points Posted on 07 July 2020
What is the last take ITC for the year 2020-2021
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On 07 July 2020 at 01:14

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